Drake & Scull International (DSI), Dubai's second biggest contractor, declined to the lowest level since January after first quarter profit fell 18 per cent.
DSI fell 3 per cent to trade at 79 fils a share this morning on the Dubai bourse.
Quarterly profit fell to Dh37.6 million, down from Dh45.9 million last year.
Arabtec Holding fell 1 per cent to Dh2.88 after the emirate's biggest contractor, on Monday revealed that Aabar became its single largest shareholder with a stake of more than 20 per cent. The statement came one day after reports that the sovereign wealth fund had taken a 53 per cent stake in the contractor.
The Dubai Financial Market General Index fell 0.1 per cent to 1479.69 points.
Property and construction stocks fell the most in Abu Dhabi.
Aldar Properties, the developer behind Yas Island, declined 1.9 per cent to Dh1.01.
Sorouh Real Estate, the developer behind the Sun & Sky Towers, dropped 3 per cent to 97 fils. The Abu Dhabi Securities Exchange General Index was little changed at 2472.87 points.
Elsewhere in the region, Kuwait's measure was little changed at 6429.27 points. Bahrain's measure was also little changed at 1156.77 points. Oman's MSM 30 Index lost 0.9 per cent to 5601.71 points. Qatar's QE Index fell 0.5 per cent to 8489.10 points.
The Saudi Tadawul All-Share fell 1.6 per cent to 7067.99 points.
halsayegh@thenational.ae
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes